S&P 500
+3.78 +0.18%
Dow Indu
+22.43 +0.13%
+15.42 +0.31%
Crude Oil
-0.67 -1.36%
-0.985 -0.08%
-0.002995 -0.27%
US Dollar
+0.339 +0.44%

I Had To Change The Bull Head Today

Stock indexes are melting higher, which usually suggests unsustainable short covering. We took profits on long trades and moved into the short side. Hopefully, my head won't be hanging on a wall because of it, but the market internals and a correlated asset class confirms the move.

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Plan Your Trade, and Trade Your Plan,
Todd Gordon

Stocks Struggle To Find Direction

Hello MarketClub members everywhere. As we start the week, it looks as if the market is still trying to digest what the Federal Reserve said in its meeting minutes last week. All eyes will be on the housing, PMI and wage numbers due this week as well as commentary for the regional Fed Chiefs. The Regional Fed chiefs for St. Louis, San Francisco, and Philadelphia are due to speak Monday, while Chair Janet Yellen is due to deliver remarks on Friday.

MarketClub's Mid-day Market Report

The big mover of the day is Apple Inc. (NASDAQ:AAPL). It's jumped over 1.5% on rumors of large iPhone 7 orders and after Taiwan's Economic Daily News reported that the iPhone maker has asked suppliers to prepare production for a new version of its smartphones.

Key levels to watch this week: [Read more...]

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Crude Oil Futures

Crude oil futures in the July contract settled last Friday in New York at 46.90 a barrel while currently trading at 48.60 up about $1.70 for the trading week continuing its remarkable bullish run over the last 3 months. At the current time, I’m sitting on the sidelines in the crude oil. I did miss this move to the upside as prices bottomed out in early January around the $32 level while now trading almost at $50 in a remarkable turn of events. However, the 10 day low is too far away, therefore, risking too much money so I will look at other markets with better risk/reward scenarios at present. Crude oil is trading far above it's 20 and 100-day moving average telling you that short-term trend is to the upside as I’m certainly not recommending any type of short position as that would be counter trend trading which is a bad idea over the course of time. It will be very interesting to see if rig counts start to increase as they had been coming down over the last year, but now prices have rallied substantially so it will be interesting to see if those corporations start pumping more oil. [Read more...]

Fed Rate Anxiety Fades As Existing Home Sales Rise

Stocks are on the rise Friday, with the S&P 500 bouncing from a seven-week low. The rise has been led by the technology sector with the NASDAQ gaining 1.35 percent. It also seems that anxiety over the potential interest rate hike by the Federal Reserve as early as next month is starting to wain a bit.

MarketClub's Mid-day Market Report

Sales of existing U.S. homes rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The National Association of REALTORS said on Friday that existing home sales increased 1.7 percent to an annual rate of 5.45 million units. March's sales pace was revised slightly higher to 5.36 million units from the previously reported 5.33 million units.

Key levels to watch this week: [Read more...]

Pro-Inflation? Anti-USD?

By: Gary Tanashian of Biiwii.com

This is the opening segment from the May 15 edition of Notes From the Rabbit Hole, NFTRH 395.  I am releasing it for public viewing because it seems, the title’s question has come roaring to the forefront this week.  So the information (including the charts) is slightly dated, but becoming intensely relevant as of now.

We anticipated an ‘inflation trade’ or Anti-USD asset market bounce and this has been going on since mid-February. That was when silver wrestled leadership from the first mover, gold (which bottomed in December and turned up in January), and a whole host of other global asset markets began to rise persistently.


So why again did the US stock market react negatively to good economic data on Friday? [Read more...]

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